This is a simple current account that offers you all you need to manage your funds and day-to-day transactions without any charges or monthly fee. This account gives you the opportunity to bank hassle-free without paying transaction charges such as Commission on Turnover (COT) monthly.
Why Choose this Account?
- It requires a minimum opening/operating balance of N500,000 for individual customers; N5, 000,000 for corporate customers and N5,000,000.00 for corporates.
- Account holders get free issuance of initial cheque book.
- It allows a maximum of 5 withdrawals in a month via cheque/Letter of Instruction; where withdrawals exceed 5 times in a month, system applies default COT at the prevailing rate per mille on the total withdrawals for that month.
- You get internet & mobile banking, debit card issuance, SMS and e-mail alerts.
- Zero COT charges.
- No restrictions on withdrawals via ATM, POS and Internet Banking, etc.
- You should be aged 18 or older.
- You must have a valid means of identification alongside all required documents below.
- Individuals & Corporate
- Duly completed Application Form
- Valid means of identification (Drivers License, National ID Card or International Passport)
- Valid proof of address of residency e.g. current Utility Bill not exceeding 3 months
- Two passport size photographs of Applicant
- Two satisfactory references (current account).